Costain pulls out of Spanish golf complex

By Hamish Champ2019-12-12T06:00:00

Contractor posts £8.9m loss and writedown on long-awaited disposal

Costain has sold its Alcaidesa golf operation in Cadiz, Spain, for €15.2m (£12.8m), posting a loss and write-down following the sale of nearly £9m.

The infrastructure giant sold the business, which consists of two golf courses, land and a clubhouse, to Millennium Hotels Real Estate through a share sale.

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